Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Increase in Short Interest

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 12,210,000 shares, a growth of 295.1% from the March 31st total of 3,090,000 shares. Based on an average daily volume of 18,129,300 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily TSLA Bull 2X Shares Trading Up 10.2 %

Shares of Direxion Daily TSLA Bull 2X Shares stock traded up $0.68 during trading hours on Thursday, hitting $7.34. 31,902,754 shares of the company were exchanged, compared to its average volume of 17,575,994. Direxion Daily TSLA Bull 2X Shares has a 1 year low of $4.94 and a 1 year high of $21.09. The business has a 50-day moving average of $8.10 and a 200-day moving average of $11.15. The stock has a market capitalization of $789.42 million, a price-to-earnings ratio of 36.80 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were issued a dividend of $0.0788 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Tuesday, March 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First City Capital Management Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $1,053,000. Simplex Trading LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 122.1% in the third quarter. Simplex Trading LLC now owns 95,631 shares of the company's stock valued at $1,479,000 after purchasing an additional 52,579 shares during the last quarter. TRUE Private Wealth Advisors grew its holdings in Direxion Daily TSLA Bull 2X Shares by 10.2% in the third quarter. TRUE Private Wealth Advisors now owns 38,350 shares of the company's stock valued at $593,000 after purchasing an additional 3,563 shares during the last quarter. Bison Wealth LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $232,000. Finally, Smith Anglin Financial LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 266.5% in the fourth quarter. Smith Anglin Financial LLC now owns 39,659 shares of the company's stock valued at $570,000 after purchasing an additional 28,838 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

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